Casey Motors recently reported the following information:
? Net income = $750,000.
? Tax rate = 40%.
? Interest expense = $200,000.
? Total invested capital employed = $9 million.
? After-tax cost of capital = 10%.
What is the company's EVA?
A) -$34,500
B) -$35,100
C) -$32,100
D) -$30,000
E) -$29,400
Correct Answer:
Verified
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